This study looks at the importance to academia of collaboration with business in open innovation and the benefits of doing this through the Technology Strategy Board’s Knowledge Transfer Partnership (KTP) scheme.

The purpose of this report is to look at the drivers for wealth and well-being from business model innovation perspective. The author has based the conclusions on examples mainly across the Atlantic by comparing drivers (and in- hibitors) for business model innovation in the USA and the EU.

This report sets out to develop coherent whole of policy recommendations for OI and KT, across four priority areas where this Expert Group recognizes that actions must be taken (either at EU, Member State or stakeholder level, depending on the specificities of the recommendation). For the EU to continuously raise and reach its growth potential, it has to be innovative and thoroughly enterprising. An enterprising Union should:

This report explores how openness in one period generates learning effects in the next period which enable firms to be ‘better’ at open innovation, i.e. to generate more innovation outputs from any given level of openness.

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This project has been funded with support from the European Commission under the Erasmus Programme. This publication reflects the views only of the author, and the Commission cannot be held responsible for any use which may be made of the information contained therein. The OI-Net public content is licensed under a Creative Commons Attribution-ShareAlike 4.0 Unported License.